Life & Protection Insurance Cover

We offer a wide range of Life and Protection Insurance products as follows:-

Live Cover:

The main purpose of this cover is to protect your family's income in the unfortunate event of your premature death. Life cover pays a lump sum to your dependants upon your death. All Life Cover protection policies are designed to replace lost income and provide a financial benefit when it is needed most and can take the form of either Whole of Life or Term Assurance Policies.

Mortgage Protection Cover:

Mortgage Protection cover is simply a form of decreasing life assurance cover called decreasing term assurance which is normally required by your Bank or Building Society to cover the amount and the term of your mortgage. The amount of cover decreases over the term of the policy and is designed to match the reducing amount of the outstanding loan or mortgage as it reduces over the agreed term of the mortgage.

Income Protection Cover:
Income Protection cover, also known as Permanent Health Insurance (PHI), is a way to guarantee yourself an element of on-going replacement income (as distinct from lump sum payments provided under Serous Illness cover) in the event of being unable to return to work due to long-term illness, injury or accident. These covers are subject to a initial ‘deferred period’ where no benefit is payable and the longer the deferred period, the more reasonable the cost of the Policy. Deferred periods normally range from 13 up to 52 weeks.

Premiums payable in respect of PHI cover are fully tax allowable at your highest rate of tax if you are self employed or in a non-pensionable employment. A company can treat the premium as a business expense.

Serious Illness Cover:
Good health is the cornerstone on which we build our lives, but we sometimes take our health for granted especially when we are younger. It is never too early to make a positive decision to provide ourselves with substantial financial cover.

Serious Illness cover pays a lump sum (as distinct from an on-going replacement income provided under Income Protection cover) upon the medical diagnosis of you suffering one of the named illnesses covered by the Policy such as cancer, heart related, stroke, multiple sclerosis and where you survive at least 14 days from the date of diagnosis.

The lump sum benefit could be used to pay off your mortgage, pay for medical bills or replace loss of income in the event of you being unable to return to work.

Contact Us today to arrange an appointment.